proposed cap raising, page-11

Thanks, if possible let us the know the up-shot of all of this, straight from the Managers mouth. If they have the opportunity to buy some more centres with a healthy yield fair enough, but the maths just don't add up and perhaps PPUP can comment here.

If they issue 25,000,000 shares at 80 cents they raise $20 and pay the debt down from $170 to $150 million and pay perhaps a slightly lower interest rate. They have diluted the shares by a massive 18.5%, but reduced the debt by only 11.7%.
The 20 million off the debt will save about $1.7 million per annum, but we now have 25 million more shares to service, so the dividends could drop ( citation needed!). I am a long term holder, the type Companies should like to have on the books, to give them some stability and cash backing if they need it and this is no way to support long term investors.